The clarion., 1887-04-13
CHARTER OF INCORPORATION
Jackson Land and Improvement Com.
pany.

l. J. B. Harris, L. Brame W. W. Stone VIII
lam short. t. A Melville, 5. f. Vir,ien Pan
Barnett, w l. Nugent. W. Griffith NJ = Craft
". l. Hemingway, p w. Peoples. j, n, oiensai
II. T. Ware +. A. Wolfe and such other persons a,
they may hereafter associate with them are hereby
made. body corporate under the name Of the Jaok
sou Land and Improvement Company By that
name said corporation may sue am be sued m Az
ontract may have seal and alter the same al pleas
urs, and may make such rules and bylaws not
INCONSISTENT with law, may be deemed prorer
ana the corporate existence shall be perp%tual IN.
domieile of the corporation shall be Jackson Mis-
sissippi, but II may have places of business else
where in this State out of il.
,. The capital stock of said eompany is fxei AT
thirty-seven thousand hve hundred dollars, to be
divided into shares of one hundred dollars each
he certificates of shares of stock shall be issued
on the vote OF the board OF directors and when
issued, shall be signed by the president or vice.
president and the secretary and shall be transfer
able in writing the books of the COMPANY as the
board of directors may require. The capital stock
oi the company may be increased from time Ia
time 10 any amount on the recommendation Of the
ooard of directors, approved by two-thirds vote
OF the shareholders.
3. The officers of said corporation shall he .
presid. mt, uce-president, eFetary treasurer and
nve directors, and the president, vice president
'eer tary, treasurer and five directors Shall con.
stitute the board OF directors, majority of whom
shall constitute quorum. The board of dIrec
Tors shall conduct and direct all the business
OF the corporation, and shall have power 10 an
point any other officers agents that the business
oil the company may require. The presiding Off :
Ger in the meetings OF the board of directors
absence The vic
president End IN the absence of both, the board
may choose of the directors 10 preside The
presiding officer shall not be entitled to a vote ex
eept in OF tie. Ali vacancies shall be filled
the board directors NAV provide fhe toI
lowing persons are hereby designated as the orcers
OF the corporation: j. Is. Harris, president; NJ \
Craft, Vice president; l. Brame, secretary: r. w
Griffith, treasurer; 4. A. McWiili William SNORT
j. II. Oveneal. T.. w. Peoples, and IL X Wara
directors such persons shall hold office uutil the
hrst election oi ofucers oy the shareholders the frat
Monday III October, les7, and until their sccessorz
a1e elected and qualified.
T. Immediately on the approval OF this charter the
secretary may open books for the purpose of recey
ing subscriptions to the capital stock of The comma
ny and when as much as twenty thousand dollars
shall have been subscribed, the corporation NAV
proceed In the exercise OF its powers. sand COM
pany shall have power 10 acquire and own lands ar
personal property 10 any amount anywhere in the
stale OF Mlsslsslppl, or elsewhere; TO use, lease
grant sell or cVnye! the for cash or on credit
To exchange the same for other property; TO mart
gage OF otherwise cucumber an, oil its prop,rtv
10 borrow money; issue bonds; negotiate loans. To
build aud operate street railway or RAILWAYS
manufacturing and mining establishments OF All
kinds, gas works, electric light works and yst+r
works IN or near the City OF jackson; TO build
hotels, storehouses, warehouses; dwellings or other
houses, and to lease, occupy use tn, same; and
do all such other things corporations OF This
character are empowered 10 do under the general
laws of this state.
5. Alter The first election, the first MONDAY in
October 1887, officers shalt be elected annually tv
the stockhoiders- The meetings Ter that purpose
shall be In the city oil Jackson, and at least two
weeks notice OF each meeting shall be given by the
president or secretary by publication in some news
paper in jackson; Dut such regular meeting
shall be made illegal by failure 10 give the no.
tice. All such elections shall be by ballot and each
stockhoder shall he emitted to one vote in person
or by written proxy. Tor share OF STOCK eld by
such person. All officers .hall hold Office until
their successors chosen and qualified After
the company is organized the failure give notice
hold elections ami select officers as provided shall
not work dissolution OF the corporation a for.
feiture.
8. 1he meetings of the board of directors shall
be in the city OF Jackson, Mississippi or at any
other convenient place. and such meetings may be
at any time on the call of the president vice-presi
dent, or secretary, any two OF the directors
The time Tor the regular annual meeting of the board
OF directors shall be just the eeng of stock
holders held for the election OF officers but this
meeting shall net be absolutely essential IL shall
not be necessary for the minutes OF the board al
any meeting to show a formal call. but the pro-
ceedings shell be deemed regular in all respects If
a quorum is present and the minutes are signed by
the presiding officer.
\ 7. Deeds conveying any of the property of the
company shall only be made toy order OF the hoard
OF directors, and shall he signed by the president
or vice-president, and the secretary, VINO shall
attach thereto the seal OF the corporatlon and tbs
president, or vice-president, as the case NAV he
shall acknowledge such deeds in due form aecording
to the general laws This beiog DONE such deeds
shall be eifectual tor purposes, and IL shall not
be necessary To show by other evidence the sane
lion of the board OF directors.
s. The shareholders at any meeting may pro-
vide by resolution what compensation is to be
paid the officers AGENTS of the company; and tue
board oil directors shall require the treasurer or
of any other officer, such official bond with good
security, from time to time, as may be deemed
y 1ul and complete record shall be kept
of the proceedings OF The board of directors and the
proceedings had at the meetings OF the stock no d.
ers.
g. The board Of directors shall provide for the
pay yment of such calls by shareholders on unpaid
stock from time TO time as may be deemed proper
and payment shall be made by the stock holders
accordingly The board may direct what notice. il
any shall be given OF such calls; and the company
shall have lien on all shares of meubors for calls
or other debts they may owe the corporation. In
no event shall shareholders liable for any OF the
debts or obligations of the company in excess OF the
amount OF unpaid subscriptions TO their capital
stock.
10. On the first Monday of April and October in
each year the board of directors shall make full
and specific report of the condition of the affairs Of
the company; and the books of the company shall
at all times be sabject to the inspection Of any
stoekhoder
IL. If the board of directors shall So order OF on
the written request of three OF more stock holders
at any time, the president shall call special
ing OF the shareholders of the corporation which
at east hve days written notice shall be given the
stockholders by the secretary
mar30, 's7-3w.